For sale · MLS® 1286948
51 Broadway
Corner Brook, NL, A2H4C4
List price
$85,000
About this propertyMLS® 1286948
Prime Corner Lot in the Heart of Corner Brook. Located in the vibrant core of Corner Brook, this exceptional corner lot offers a unique opportunity for development in a highly accessible and desirable area. Spanning approximately 298 square meters, this parcel boasts prominent visibility and excellent frontage along Caribou & Broadway, making it ideal for commercial development. Situated in the bustling downtown district, close to shops, restaurants, public transportation, and community amenities, ensuring high foot and vehicle traffic. Well-connected via major roads and highways, providing easy access for residents, clients, and suppliers. Zoned commercial, with flexibility for various project types, flat and stable terrain, simplifying construction and minimizing site preparation costs. Convenient access to municipal water, sewer, electricity, and internet services. Surrounded by a friendly neighborhood, this corner lot presents a rare chance to establish a prominent presence in Corner Brook’s downtown core, whether for a new business, apartment complex, or community project. Don't miss the opportunity to shape the future of this thriving region. (id:56688)
Specifications
Property details
Room by room
Rooms
The essentials
Location, air, flood & taxes
Elevation
29 m above sea level
Air quality now
AQHI 1 · Low risk
Corner Brook station · updated 2:00 a.m.
Property tax
$687 / year
≈ $57 / month · assessment year 2025
Climate
Feb -3° · Jul 22°
normal daily high · CORNER BROOK station · 1991–2020
Nearby & drive routes
13 places shown · OpenStreetMap · OSRM
Schools 3
Groceries 3
Cafés 5
Parks 2
Plan ahead
Calculators & neighbourhood
Estimate payments and returns, and check how walkable this address is — all in one place.
Plan ahead
Mortgage & investment calculator
Estimated monthly payment
$58/mo
Principal & interest $0 + property tax $58 per month
Financing breakdown
Rental math
Investment calculator
Monthly cash flow
$-57
NOI / month
$-57
Cap rate
-0.80%
Gross yield
0.00%
| Line item | Monthly | Yearly |
|---|---|---|
| Gross rent | $0 | $0 |
| Mortgage | $0 | $0 |
| Property tax | $58 | $687 |
| Expenses | $0 | $0 |
| Vacancy | $0 | $0 |
| Management | $0 | $0 |
| Cash flow | $-57 | $-684 |
| NOI | $-57 | $-684 |
Flip rule of thumb: buy at ≤ 70% of ARV minus repair costs.
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Keller Williams Platinum Realty
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